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One World drops Andes Silver RTO; CEO Beaulieu resigns

2015-09-03 00:37 ET - News Release

Mr. John Hamilton reports

ONE WORLD INVESTMENTS INC. ANNOUNCES GOVERNANCE CHANGES AND WITHDRAWAL OF RTO SUBMISSION

One World Investments Inc. has decided not to proceed with its proposed reverse takeover transaction whereby, among other things, the company would purchase 80 per cent of the issued and outstanding shares of Andes Silver S.A. Cerrada, a private Chilean company, from Harold Gardner and Eduardo Esteffan. The company intends to withdraw its application to the TSX Venture Exchange that requested approval of the transaction. The company first announced the transaction in a news release dated April 8, 2011. The company subsequently issued news releases dated March 15, 2012, July 18, 2012, Aug. 14, 2012, Aug. 16, 2012, and Nov. 14, 2013, providing updates on the transaction.

Trading in the common shares of the company on the exchange was halted on March 18, 2011, in connection with the original announcement of the transaction. The company anticipates that its common shares will resume trading upon issuance of a bulletin from the exchange, and clearance from the exchange and regulating bodies.

The company also announces the resignation of Kevin Beaulieu as the president, chief executive officer and director of the company as of Aug. 31, 2015.

The company is pleased to announce the appointment of Halsey Johnston as the president and chief executive officer of the company, effective as of Aug. 31, 2015. Mr. Johnston is also the chief financial officer, corporate secretary and a director of the company.

We seek Safe Harbor.

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